Rat dog micro-cap picks... Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks...

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bucky Katt who wrote (17252)	1/16/2004 9:55:11 AM
From: Skywatcher	Read Replies (1) of 48462

Ah....more JAILBAIT for the white collar crowd Suspicious trading preceded bank megamerger Exchanges saw a huge spike in the purchase of Bank One options even before news of the huge J.P. Morgan acquisition broke. The transactions were enormously profitable for a fortunate few. By Michael Brush Though Wall Street is struggling to clean up its image, little has really changed -- judging by the huge spike in the volume of stock options that became extremely profitable once news broke Wednesday of a proposed takeover of Bank One (ONE, news, msgs) by J.P. Morgan Chase (JPM, news, msgs). The juiciest gains? Those were pocketed by speculators who scooped up Bank One call options (.ONEAW, news, msgs) with a strike price of $47.50 due to expire in January -- right before news of the $60 billion bank merger came out. Traders who bought those call option contracts for just a nickel per contract Wednesday could sell them for anywhere between $4 and $2.85 per contract Thursday, observes Christopher Johnson, the director of quantitative analysis at Schaeffer’s Investment Research, an options firm based in Cincinnati. "That is what we call a big hit in this business," says Johnson. CC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next